///Corporate

UNIVERSAL MUSIC INTERNATIONAL SIGNS GLOBAL DEAL WITH JAD RECORDS FOR BOB MARLEY & THE WAILERS CATALOGUE

LONDON, 21 JANUARY, 2004 –– Universal Music International - the international division of Universal Music Group, the world's leading music company - has signed an exclusive ten-year global licensing deal with JAD Records for their substantial early catalogue recordings of Bob Marley & The Wailers.

The deal brings together for the first time virtually the entire recorded works of Bob Marley & The Wailers within the Universal Music family.

The JAD catalogue of Bob Marley & The Wailers repertoire comprises 211 songs, recorded between 1967 to 1972, including reggae anthems Stir It Up, Small Axe, Guava Jelly and Concrete Jungle. A portion of the repertoire has already seen commercial release, albeit haphazardly, as singles and in the form of three original albums, Soul Rebel, Soul Revolution and The Best Of. In addition, the JAD catalogue includes a wealth of rare and unreleased tracks.

For the first time ever, the children of Bob Marley, the Estate of Peter Tosh and the last surviving Wailer, Bunny Wailer, will receive royalties from sales of this period of Bob Marley & The Wailers career.

Julian Huntly, VP of Catalogue Marketing at Universal Music International said: "Licensing the JAD Records catalogue of Bob Marley & The Wailers to Universal Music represents a considerable coup. It is thrilling, both personally and professionally, that Universal is now able to present to fans virtually the entire recorded works of one of the most prolific and influential artists of the 20th Century."

Danny Sims, co-founder of JAD Records said: "I'm delighted to be working with Universal Music to tell the story of Bob Marley & The Wailers before they found fame in the west. I'm happy that for the first time Bob's children, the Peter Tosh Estate and Bunny Wailer will earn royalties from this extraordinary music."

Universal Music already owns the Bob Marley & The Wailers repertoire recorded for Island Records between 1972 and 1980. These include the seminal albums Catch A Fire, Exodus, Natty Dread and Kaya. The best-of retrospective, Legend, released in 1984, is the most successful reggae album of all time and is one of Universal's biggest ever selling albums with more than 17m global sales to date.